The European Commission is expected to reach a settlement with Gazprom over its longstanding antitrust case after Brussels announced last week it was pleased with the remedies put forward by the Russian side.
Gazprom’s pledge to allow importers in Eastern Europe to renegotiate long-term contracts to better reflect hub prices is a significant development that will also help the Russian company protect its market share as competition from LNG suppliers starts to ramp up.
"The concessions from the Russian side show that Gazprom’s new strategy is...
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